Which telephone conference? Which press release? We have been hearing those claims since 2006 when Robinson claimed that was going to be their go-to-market year. About that time he also claimed they had 350 companies under NDA that were "looking" at Electriplast.
Where is Heatron? They signed a patent license agreement in Mar. 2006.
Where is Jasper? They signed a patent license agreement in Aug. 2006.
Where is ADAC Plastics? They signed a patent license agreement in Nov. 2006.
Where is Esprit Solutions? They signed a patent license agreement in Dec. 2006.
Where is Knowles Electronics? They signed a patent license agreement in Jan. 2007.
The 2010 10-K promised us....." Various examples of applications for ElectriPlast™ are shielding, lighting circuitry, switch actuators, resistors, medical devices, thermal management and cable connector bodies, to name just a few. We have been working to introduce these new applications and the ElectriPlast™ technology on a global scale." Seven years later....where are all those "introductions"?
That same 10-K bragged about (49) issued patents that even today, 7 years later, have yet to find a customer.
Six years ago the 2011 10-K offered up this tid-bit......"Our business model calls for the Company to secure sales of ElectriPlast™ material from over 2000 Global manufacturers and to generate revenue through the sale of ElectriPlast™ material and licensing ElectriPlast™. The Company’s management has expertise and know-how in the ideas related to the use of the product. 2000 global manufacturers??? At that time Jasper Rubber had already been on record has having 50,000 ppm capacity for 4 years. That`s 25 tons every single month....300 tons a year. Wasted space. So they went to a different manufacturer that promised 10 times the capacity. Go figure.
Where`s Hanwha? Where`s Delphi? Where`s Chang Rim? And all the other names and "associations" that have been dropped?
There are 10 data sheets that have been on file since before Doug became CEO. All the emphasis we hear about the engineering credentials yet not a single new formula has made it as far as a new data sheet. October 2014 we got this press release......"Integral Announces New Conductive Plastics Materials". Two new core materials that could be combined with each of the 5 existing resin formulas....should have produced 10 new data sheets. 2 1/2 years later....not a word. Not a single new data sheet.
All this to say, the opportunity has been there. Light weight, low cost, we`ve been hearing all the buzz words about applications, about markets, about worldwide pellet manufacturing capacity for years and years. But sustained revenue producing customer contracts remain beyond this company`s grasp. Eleven years and counting. Always seems to be plenty of blame to go around....but nothing ever seems to change.
Thin
